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USD/JPY Remains On The Back Foot

Discussion in 'Technical Analysis' started by Kaitlin, Aug 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Having opened with a bullish gap today, the USD/JPY currency pair is now likely to be subject to weakness. The weekly PP, which is the nearest support, will doubtfully manage to keep the pair elevated if the bearish momentum prevails. The next target would then be the weekly S1 at[​IMG]

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